Freightos reported second quarter 2026 revenue of US$ 7.7 million, a 3% increase from US$ 7.4 million in the same period of 2025 and a record quarterly result for the company.
IFRS gross margin improved to 67.6 percent from 67.1% year-on-year, while non-IFRS gross margin rose to 74.1% from 73.5%.
The IFRS net loss narrowed significantly to US$ 1.6 million from US$ 4.3 million in the second quarter of 2025, and Adjusted EBITDA improved to negative US$ 2.0 million from negative US$ 2.9 million, representing the lowest-ever Adjusted EBITDA loss in the company’s history.
Cash and short-term bank deposit balances stood at US$ 21.4 million at the end of June.
Platform revenue reached US$ 2.9 million, up 19% year-on-year, while Solutions revenue was US$ 4.8 million, down 4%.
Revenue growth was driven by solid performance from the WebCargo by Freightos platform and higher than expected customs transaction revenue, partially offset by lower than expected SaaS performance.
The platform facilitated 458,000 transactions in the quarter, a 15% year-on-year increase and above management expectations, reflecting primarily resumed activity on Middle East routes following earlier disruption.
Unique buyer users reached approximately 21,000, up 4% year-on-year, while the number of carriers actively selling on the platform stood at 75, consistent with the second quarter of 2025.
CEO Pablo Pinillos described the results as demonstrating the diversification benefits of the company’s comprehensive offering, with world events creating headwinds in some areas and tailwinds in others.
He reaffirmed the commitment to exiting the year at Adjusted EBITDA breakeven and becoming cash generative by mid-2027, while noting that the updated full-year outlook reflects areas where execution needs to accelerate alongside elevated market uncertainty.
